World Is Not Ready for Shocks that Are Piling up: IMF Head
Georgieva said the IMF is not fully prepared for a new wave of shocks, citing war, tariffs and Middle East conflict.
- On Monday, Kristalina Georgieva warned that the global economy faces persistent shocks, urging member nations to accept this volatile reality and rely on objective analysis.
- Georgieva, who has led the Washington-based lender since 2019, navigated the Covid-19 pandemic, the war in Ukraine, and conflict in the Middle East.
- The IMF maintains a lending capacity of just under US$1 trillion for its 191 members, with Georgieva warning against repeating past failures regarding globalization's impact on labor markets and artificial intelligence.
- Restarting its annual review of Russia's economy in 2024, the IMF faced backlash from European Union countries, with critics arguing the decision could legitimize Kremlin sanction evasion.
- The fund continues supporting Kyiv with financing tied to key reforms through two programs totaling US$15.6 billion in 2023 and US$8.1 billion this year, while planning to update its global economic outlook in July.
15 Articles
15 Articles
IMF Chief Warns World Isn’t Ready for Shocks That Are Piling Up
International Monetary Fund Managing Director Kristalina Georgieva said that after facing crisis upon crisis in recent years, the world needs to build foundations that can withstand shocks that have become more frequent.
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More global shocks ahead – IMF chief
The world has yet to fully “internalize” the fact that major disruptions are becoming the norm, Kristalina Georgieva has said The world is likely to face further global shocks in the foreseeable future, with no respite in sight, International Monetary Fund Managing Director Kristalina Georgieva has warned. Appearing on Bloomberg’s podcast ‘Leaders with Francine Lacqua’...
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, said that, after facing one crisis after another in recent years, the world needs to build bases capable of resisting shocks that have become more frequent. — I am concerned that we are not yet fully internalizing that is how the world will be— said in the podcast Bloomberg Leaders with Francine Lacqua. — We will not get to a point where shocks simply disappear.
IMF Chief Warns Governments to Prepare for a World of Constant Shocks - Business News LK
The world can no longer treat economic and geopolitical disruptions as temporary events, according to International Monetary Fund (IMF) Managing Director Ms. Kristalina Georgieva, who has warned that governments and institutions must adapt to a future where major shocks occur more frequently. Speaking on Bloomberg’s Leaders with Francine Lacqua podcast, Georgieva said policymakers need to build stronger economic foundations capable of withstandi…
More global shocks ahead – IMF chief - The Press United
The world has yet to fully “internalize” the fact that major disruptions are becoming the norm, Kristalina Georgieva has said The world is likely to face further global shocks in the foreseeable future, with no respite in sight, International Monetary Fund Managing Director Kristalina Georgieva has warned. Appearing on Bloomberg’s podcast ‘Leaders with Francine Lacqua’ […] The post More global shocks ahead – IMF chief appeared first on The Press…
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